The Buddha himself has passed down the five precepts or the basic principles of the religion. Like any other religion Buddhism also has some basic rules that define what is good conduct and what should be got rid of, the five precepts of Buddhism are hence as follows:
1. No killing
2. No stealing
3. No sexual misconduct
4. No lying
5. No intoxicants

No killing:This is an important aspect of the five precepts of Buddhist religion. Buddha himself said, "Life is dear to all beings. They have the right to live the same as we do." Therefore love and kindness to the animals, taking care of the earth, rivers and air everything is included in Buddhism. Killing ants or mosquitoes also is against this precept.

No stealing:Stealing is a crime and we should abstain from it. Rather we must learn to give and take care of things that is personal as well as public/ stealing something will put ourselves down in our own eyes and it will be like stealing from ourselves.

No sexual misconduct:Development of virtue is very important for healthy living. Body is a gift, which should not be misused, and youth should be pure and simple. Having respect for others will not only make us better humans but will also help in earning the same. Sexual misconduct will only taint the character and there will be suffering and misery.

No lying:Honesty is something that always has its brighter side. It is never advantageous to a lie that can give a better life. This precept stops from back biting, and gossiping and helps in maintaining peace and calm. Lying can result in chaos, honesty helps an individual to become a better human being.

No intoxicants:Buddhist teachings talk about staying away from bad habits of which intoxicants are one. A healthy mind is a boon of a healthy body, and alcohol pollutes that state of mind. One looses his ability to think when he is under the effects of alcohol.

These five precepts make a person free from greedy and leads to Nirvan.